Ask Michael Anything [video] – Where is best place to buy an off the plan apartment?

There has certainly been no shortage of off the plan apartments lately – but are they a good investment? 

And if you were to buy this type of property where should you buy it?

This week watch Michael discuss the pros and cons of buying off the plan properties, particularly in apartment oversupplied suburbs.

This week’s question:offplan

Hi Michael

What would you say about buying an off the plan apartment in Cheltenham or Moorabbin as an investment property?

Which area has more potential?


You may want to read: What Every Property Investor Needs To Know About Buying Off  The Plan


Want more of this type of information?

Kevin Turner


Australia's leading independent property commentator, brings together leading authorities on the property market. Each week at Real Estate Talk we take a fresh look at the property market so you get all the facts to help you make the right choice.

'Ask Michael Anything [video] – Where is best place to buy an off the plan apartment?' have 4 comments

  1. October 27, 2016 @ 12:40 pm Rebecca

    Hi Michael,
    Can I ask if the property in Rosanna or Eltham (Melbourne) are good suburbs to be invested? Which one is better? I only got 800K – 900K budget. Or any other suburbs have good potential?


    • Michael Yardney

      October 27, 2016 @ 4:55 pm Michael Yardney

      I’ll answer this in a future video – but the answer is it depends – there are some good pockets in both locations but neither are on my radar


  2. October 28, 2016 @ 10:57 am Bob West

    Hello Michael
    Have asked this question before, so must be a hard one. We purchased 4 properties in Cairns after a long deliberation (2 to 4 years ago), we believed the market had been down long enough. But getting information other than Sydney and Melbourne is very difficult. Do you know where I can get some stats?
    Kind regards


    • Michael Yardney

      October 28, 2016 @ 4:29 pm Michael Yardney

      Robert – nothing has changed – Cairns is not an investment grade area and the fact that you’re having difficulty getting stats confirms it’s not a significant market. Again a reason why we avoid it


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